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Tag: Hoarding

aresauburn™ (CC BY-SA 2.0)

Mountain of Corporate Cash Sits Idle (Video)

Figures from the Internal Revenue Service suggest that nonfinance companies based in the United States are holding more than $5 trillion in cash, triple what the Federal Reserve reports—idle money that Reuters columnist David Cay Johnston suggests would be better spent creating jobs, paying dividends and sharing the burden of taxes.

Posted on Jul 20, 2012 READ MORE

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